Paul Graham makes some interesting points about the trends that are starting to emerge in the investing space. I will be the first to admit that my experience with investors and investment rounds is pretty limited and largely theoretical; I’ve seen the process from afar.
Since joining ProFounder and getting a much broader view of the fundraising landscape I tend to agree with the points in the article. Moreover, I’m excited that we are addressing a number of the points made specifically around speed and traction. ProFounder puts the raise on a timeline with clear milestones along the way. There also isn’t a notion of a “lead investor”. The investors are recruited by the business owner explicitly which puts the most motivated person in control of the investor flow.